RE: First equity22 Feb 2023 11:17
The shares closed yesterday at 17p, with a market cap valuation of only £8m, someway short of the target price per share estimate of 156p# highlighted in our research note on 7th April last year. With such a wide gulf between our target price and the prevailing market price and moreover given these results and their implications, we easily arrive at a ‘Buy’ recommendation for CGNR.L.